Data: The volatility of Bitcoin front-end options trading is about 50, and traders seeking downside protection are paying higher premiums

ChainCatcher news, Glassnode released a market analysis indicating that macro uncertainty continues to weigh on Bitcoin. Gold has outperformed Bitcoin by over 20%, taking away some of Bitcoin's asset preservation value, and the options market also reflects this shift in sentiment. Overnight price movements have triggered a sharp increase in short-term volatility.

The front-end options for Bitcoin are currently trading at a volatility of about 50, showing that traders are paying a higher premium for immediate protection against market downturns. BTC has recently shown a tendency to behave more like a macro asset rather than a risk-hedging asset, with a strong bias towards put options. The cost of downside protection remains higher than the upside risk exposure, reflecting the market's ongoing defensive inclination.